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Consideration of a request from Kelly Valdez, KV Construction, for a Coastal Development Permit and Conditional Use Permit for the development of eight, two-story, three-bedroom multi-family residential units on the east portion of the subject property. Sixteen off-street parking spaces are to be provided. The west portion of the site is to be reserved for future commercial use. The subject property is zoned Highway Commercial (HWC) and is an irregular shaped parcel with a total lot area of 2.98 acres. The east portion of the parcel proposed for residential development is 1.19 acres.